Short MELI CMP $1085.36

٩ يناير ٢٠٢٢

Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.

٢٢ يناير ٢٠٢٢

تم فتح الصفقة

Taking support at drawn level

٣٠ يناير ٢٠٢٢

تم فتح الصفقة

Trading below the support level. $905 in can be achieved in coming days with market sell off.

٢٣ فبراير ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

target reached